Do I Need To Sell My Home Before I Can Qualify For A New Mortgage On Another Property?

April 1, 2010 by · Leave a Comment

Although every situation is unique, it is not uncommon for homebuyers to qualify for a mortgage on a new home while still living in their primary residence. Perhaps you are outgrowing your current house, or have been forced to relocate due to a job transfer?  Regardless of the motivation for keeping one property while purchasing […]

Renting vs Buying A Home

March 28, 2010 by · Leave a Comment

Buying a home versus renting is a big decision that takes careful consideration. While there are several biased sources that can make arguments for or against owning a home, we’ve found that most home buyers base their ultimate decision on emotion. Yes, there are some tax advantages of owning real estate, as well as the […]

Understanding the Difference Between an Appraisal vs Neighborhood Listing Prices

March 28, 2010 by · Leave a Comment

Why is there such a difference between what my appraised value is and the price similar homes are selling for on my street? It’s a great question, and you don’t have to be a mortgage professional or a real estate agent to understand the answer. The distinction lies in the purpose of the two valuations […]

Five Myths About Home Values

March 28, 2010 by · Leave a Comment

A few years ago, when home values were just going up, most homeowners did not question appraisals much. It was the best of times. Over the past two and a half years, home sellers and even listing agents quite often question and pick apart appraisals. It was the worst of times. A Tale of Two […]

How Do Mortgage Companies Value A Property That Has Not Been Built Yet?

March 28, 2010 by · Leave a Comment

It’s obviously easier to picture the process of estimating value on an existing property in a neighborhood that has a history of home sales, but the task of determining the value on new construction projects does pose some challenges. Appraisals on homes that haven’t been built yet generally require the contractor and home buyer to […]

HOA Hurdles to be Aware of When Looking at New Properties

March 28, 2010 by · Leave a Comment

A Home Owner Association (HOA) can have a huge impact on your life when you buy a home in a PUD (Planned Unit Development) or Condominium Project. According to Wikipedia: A homeowners’ association (abbrev. HOA) is an organization created by a real estate developer for the purpose of developing, managing and selling a development of […]